Re: Amex is asking for additional information for a CLI

OP, this is obviously your decision...but it is something that AmEx does often, and it is something they have a total right to do. You don't actually send them your tax returns. You sign a form that allows them to get certain tax forms from the IRS. They don't want your entire return.

Please remember that they are lending you money. They have the right (and responsibility) to ask you to document your income. Tax forms are the best way to document that. If you were lending someone money with no collateral or security, wouldn't you want to have them substantiate their income? Or would you simply trust what they said? I know that I wouldn't. Asking for proof is the responsible thing for them to do.

Don't take it personally. It happens to many. I've been through it. I signed the form and got my CLI. That was for a CLI that I requested. I've gotten many CLIs from them since then that I didn't ask for. I went from an original credit line of $2k to over $14k in a couple of years. They developed trust in me. That trust takes longer to build if you refuse to document your income.

Credit is a two-way street, and you have responsibilities. The decision is yours.

Re: Amex is asking for additional information for a CLI

OP, this is obviously your decision...but it is something that AmEx does often, and it is something they have a total right to do. You don't actually send them your tax returns. You sign a form that allows them to get certain tax forms from the IRS. They don't want your entire return.

Please remember that they are lending you money. They have the right (and responsibility) to ask you to document your income. Tax forms are the best way to document that. If you were lending someone money with no collateral or security, wouldn't you want to have them substantiate their income? Or would you simply trust what they said? I know that I wouldn't. Asking for proof is the responsible thing for them to do.

Don't take it personally. It happens to many. I've been through it. I signed the form and got my CLI. That was for a CLI that I requested. I've gotten many CLIs from them since then that I didn't ask for. I went from an original credit line of $2k to over $14k in a couple of years. They developed trust in me. That trust takes longer to build if you refuse to document your income.

Credit is a two-way street, and you have responsibilities. The decision is yours.

Re: Amex is asking for additional information for a CLI

Wasnt there a poster that told them to cram it, and they didnt close his acct? Haha. Personally, if I have other much higher lines, which I do... Then providing income would be too damn much of a hassle, esp. The way they request it.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair
organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or
assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.